Interesting article & comments. Recently had a fraudulent debit on my credit card (which the bank investigated & re credited) and I canceled my card (as per banks recommendation) and applied for a new credit card albeit a basic no frill cards with a low limit AND the bank declined my application stating I was a high risk. Now I own my home , have no debts, have a healthy balance & a Government defined benefit pension & still bank said I was a poor risk. HOWEVER, Upon discussing this issue with my local branch with whom I have a good relationship I was able to get a new cards after a 4 month wait. Thank God my wife had her own card
3 Likes
